Transactions Record the following transactions using the Accounting Equation Transaction 1. Purchased supplies for $750.00 on account. Transaction 2. Provided services of $8,000.00 to patients on account. Transaction 3. Paid a premium of $3,000.00 for a 3 year insurance policy. Transaction 4. Prepaid insurance expired $1,000.00. Transaction 5. Received $2,000.00 in advance of services yet to be performed. Transaction 6. Supplies used up $500.00. Transaction 7. Sold merchandise on account $20,000.00 terms 1/10,n/30. The cost of the merchandise was $14,000.00 Transaction 8. Received check for the amount due from sale in transaction 7. Customer was entitled to discount. Transaction 9. Purchased merchandise on account for $33,000.00 terms 2/10,n/30. Paid invoice in transaction 9. Payment made within discount period. Transaction 10. Student's Name Liabilities Stockholders' Equity Transaction # Assets